Macro Musings with David Beckworth cover image

60 – Matt Klein on Greece, Optimal Currency Areas, and Safe Assets

Macro Musings with David Beckworth

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The Importance of Having a Budget Overhead in the Greek Economy

Greece's economy collapsed about a quarter in the past 10 years and is not recovered at all. Author: Is it reasonable, given that situation, to expect them to impose additional austerity? "The lack of realism is better than a lot of the requests that are being made to the Greek government by some of the European partners"

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